Fairfax Financial (OTCMKTS:FRFHF) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1,388.75 and traded as low as $1,388.21. Fairfax Financial shares last traded at $1,404.11, with a volume of 2,491 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, November 4th.

Fairfax Financial Stock Up 1.3 %

The business has a 50 day moving average of $1,388.75 and a 200 day moving average of $1,297.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 8.59 and a beta of 0.80.

Fairfax Financial Announces Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were given a $15.00 dividend. This represents a yield of 1.09%. The ex-dividend date of this dividend was Thursday, January 16th. Fairfax Financial’s dividend payout ratio (DPR) is 9.17%.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.